USDJPY VOLATILITY DIMINISHING

The USDJPY pair is experiencing an extreme lack of volatility in early Monday trading, so far the pair remains largely unchanged from the Friday price close, largely trading in a tight 10 pip trading range, between 111.20 to 111.30.

The average true range indicator on a five day basis has moved to a yearly low, as the USDJPY daily trading range and volatility decreases.

High impact economic data may help move the pair this week, later today we have core durable goods orders from the United States, and U.S consumer confidence on Wednesday.

Federal Reserve speakers are also out in force this week, Janet Yellen headlines, with deliver a keynote speech on the global economy in London, as always, her words have the ability to move the USDJPY.

Technically the pair remains neutral, with key technical support located at the H1 time frame 200 period moving average at 110.94 and the daily time frame 20 period moving average 110.54.

Resistance for the pair comes in at the daily time 100 period moving average at 111.51 and the former weekly high at 111.81.